ASIA-PACIFIC SURGICAL SUTURES MARKET 2022-2028
MARKET OUTLOOK
A Triton Market Research report depicts that the market for surgical sutures in the Asia-Pacific would fast progress with a CAGR of 6.49% over the forecast duration from 2022 to 2028. Japan, India, ASEAN countries, China, South Korea, Australia & New Zealand, and Rest of Asia-Pacific together comprise the market in this region.
As of 2019, there were nearly 70,000 public and private hospitals in India, according to industry data. The nation has a vast pool of well-trained experts in the medical field, which provides it with a competitive advantage. India is also cost-competitive in comparison to its Asian and Western contemporaries. A surgical procedure done here costs a fraction of what it usually does in the United States or countries in western Europe. As per the Indian government’s Ministry of Health and Family Welfare (MoHFW) and World Bank, C-section is the most widely performed surgery in the country.
Moreover, the trend of cosmetic surgeries is also catching up tremendously in India. Robotic-assisted surgeries (RAS) also seem to be gaining traction among Indian surgeons and patients. Besides, the number of minimally invasive surgeries being performed in the nation is on the rise as well. In April 2021, Intuitive India, which is the Indian arm of Intuitive Surgical, joined hands with major government medical institutes in the county, as part of their mission to train the upcoming generation of surgeons to perform robotic-assisted surgery. Intuitive Surgical is a global leader in minimally invasive care and also a pioneer of robot-assisted surgery (RAS). The increasing surgeries are adding to the growth of the surgical sutures market.
COMPETITIVE OUTLOOK
The prominent companies in the surgical sutures market are Zimmer Biomet Holdings Inc, Ethicon Inc (Johnson & Johnson), Lotus Surgicals, Medtronic Plc, Advanced Medical Solutions Group Plc (AMS Group), Boston Scientific Corporation, B Braun Melsungen AG, and Stryker Corporation.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook